The sum will be distributed among some 6,659 taxi owners, meaning they will each receive a further Dh500
Sheikh Mohammed orders bonus worth Dh33m for all Dubai taxi plate owners
Thousands of Emirati taxi owners in Dubai will receive an additional bonus this year, courtesy of Sheikh Mohammed bin Rashid.
On Saturday, the Vice President and Ruler of Dubai ordered distribution of an additional bonus worth Dh33.3m to the owners of taxi plates in the emirate.
The recipients of the bonus were awarded the plates many years ago and would rent them out to drivers.
After the Roads and Transport Authority was formed in 2005 and absorbed the taxi franchise, the owners began leasing their plates to the RTA for Dh1,000 per month. It is unclear if the rate has since been adjusted but the fees are a fixed source of income for many families.
The RTA leases the plates to six taxi companies, including Dubai Taxi Corporation and other taxi franchise companies, for a fixed sum per plate per month. In 2012, the rate was Dh3,600 per plate per month. The payment covers all fees for meters and dispatch.
The sum of Sheikh Mohammed's award will be distributed among some 6,659 taxi plate owners, meaning they will each receive a further Dh500.
Dubai's Roads and Transport Authority will begin distributing the 2017 bonus to the entitled recipients, over and above their annual financial dues from this week.
Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, thanked Sheikh Mohammed bin Rashid, saying the bonus would help enhance the quality of life for the owners of the taxi plates and their families.
“This bonus is one of Sheikh Mohammed’s several other generous gestures. It lines up with his efforts during the Year of Zayed and marking the close approach of the Holy Month of Ramadan.” said Mr Al Tayer.
Sheikh Mohammed has a history of helping taxi owners. In 2012, he ordered Dh26.39m be shared amongst 6,597 of them in the emirate.
*This article has been republished to clarify the licence plates ownership.